For several decades now, the gap between the rich and the poor continues to widen in America. When the rich are busy making their money work for them, the poor continue to struggle to pay the bills and have a plate on their table. The COVID-19 pandemic only came to prove to what extent disparities exist between people who have and those who have not. It is said that less than 5% of the total Americans hold a third of the American wealth while 50% of the low income hold less than 10%.
According to James Gutierrez, people should no longer wait for government intervention towards closing the gap between the rich and the poor. Instead, individual companies can help improve the financial situations of people who are low-income earners. Through his company that offers affordable financial services, James Gutierrez is at the forefront of ensuring that the average and low-income Americans build a better financial future.
This is what James Gutierrez advocates for
- There should be equality between the white households and the black households in America.
- There should be insurance and banking solutions for people in the low-income category who have been previously termed underserved populations.
- The low-income earners should be allowed to build their credit score other than being left for the cash-only option.
- It is crucial that the poor are helped to accumulate wealth instead of debt. This is possible by ensuring that financial firms can provide loans at a low interest. The government should also be in the front to ensure that people who invest in companies get the value for their capital investment.
According to James, there is no point in sitting and waiting for things to fall apart. It is time that companies come up with platforms that will help the marginalized by coming up with solutions for the already existing inequalities.